Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.001%

Price spread now: SunX against Coinbase International−0.021%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.021%, 7d avg −0.032%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SOL-PERP-INTX	116.87	0.0048	pay 0.0006% / 1h	0m 13s	$8.0M	$407.4M	50x
Short	SunX SOL-USDT	116.85	0.0100	get 0.0100% / 8h	2h 00m	$190K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee SunXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $10.92
Price spread: −0.021% → −0.032%: $1.13
Slippage, 4 orders: −$29
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$34.95
Costs to cover: 0.470%
Break-even: 29.4 days

Slippage from Coinbase International: live order book, 4 min ago; SunX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 4 min ago	0.04 bp	5.2 bp −$5	7.4 bp −$74	13.5 bp −$1,352	doesn't fit
Sell SunX live order book, 5 min ago	2.82 bp	20.9 bp −$21	31.8 bp −$318	doesn't fit	doesn't fit

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	−0.0239%	1h	116.89	+0.012%	$33.0M	$104.2M	100x	as long as short
Bybit SOLUSDT	−0.0105%	8h	116.83	−0.035%	$741.0M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.94	+0.055%	$1K	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	116.94	+0.061%	$101K	$689K	20x	as long as short
Vest SOL-PERP	−0.0031%	1h	116.86	−0.013%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0010%	1h	116.80	−0.059%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.88	+0.010%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.94	+0.061%	$1.5M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.87	0.000%	$110K	$3.7M	8.3x	as long as short
dYdX SOL-USD	+0.0008%	1h	116.90	+0.022%	$4.3M	$23.8M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0032%	1h	116.88	+0.008%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTXlong	+0.0048%	1h	116.87	long leg	$8.0M	$407.4M	50x
Bitget SOLUSDT	+0.0058%	8h	116.80	−0.061%	$481.5M	$462.3M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.86	−0.011%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.85	−0.016%	$13.1M	$61.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.83	−0.035%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.88	+0.010%	$351K	$247K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	116.90	+0.026%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.85	−0.018%	$64K	$915K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.86	−0.006%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.95	+0.068%	$700.9M	$408.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.83	−0.035%	$176.1M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.92	+0.045%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.84	−0.027%	$970.6M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.81	−0.052%	$371.8M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.99	+0.102%	$219K	$883K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.88	+0.006%	$907K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.05	+0.152%	$126.2M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.85	−0.018%	$845.5M	$677.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.85	−0.018%	$363.1M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.84	−0.022%	$128.9M	$231.8M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.81	−0.055%	—	$372.3M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.83	−0.035%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.86	−0.007%	$24.7M	$113.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.98	+0.093%	$93.9M	$411.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.04	+0.145%	$47.9M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.13	+0.218%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.96	+0.076%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.85	−0.018%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.89	+0.015%	$236K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.87	+0.001%	$27K	$36K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	116.85	−0.021%	$190K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	116.85	−0.018%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.83	−0.031%	$226.3M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.84	−0.027%	$45.4M	$105.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.81	−0.050%	$8.1M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.94	+0.059%	—	$238.5M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0155%	1h	116.94	+0.059%	$26.5M	$22.1M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	117.09	+0.187%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	117.18	+0.264%	$6.6M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.82	−0.046%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.90	+0.025%	$52.0M	$68.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.88	+0.011%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0494%	1h	116.96	+0.077%	$25K	$56K	20x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.93	+0.051%	$2.1M	$4.9M	20x	as long as short